Latest news with #Belrise
Mint
4 hours ago
- Automotive
- Mint
Belrise Industries share price pops 12% after strong Q1 results, trades 70% above IPO price
Belrise Industries, a recent entrant on Dalal Street, saw its share price spike 12% intraday on Tuesday, August 19, reaching ₹ 156 apiece after investors reacted positively to the company's June-quarter earnings. The company, post market hours on Tuesday, reported a 27% YoY jump in revenue to ₹ 2,262 crore. This included manufacturing revenue of ₹ 1,832 crore, which grew 29% YoY, supported by higher content per vehicle, increased order rollouts from its proprietary product portfolio, commercialization of the new Chennai facility, and the successful integration of H-One India into its offerings. Its EBITDA stood at ₹ 280 crore, up from ₹ 240 crore in Q1FY25, reflecting a YoY growth of 17%. However, EBITDA margins declined to 12.4% from 13.5% in the year-ago quarter, impacted by rising costs. On the bottom line, profit after tax came in at ₹ 112 crore, up 56.1% YoY. The company commissioned its new Chennai facility during the quarter, which is now commercially supplying a marquee two-wheeler OEM and a marquee commercial vehicle OEM as a single-source supplier across multiple components. This adds to its ongoing capacity expansion, with new plants in Pune and Bhiwadi on track to ramp up operations in the coming quarters. Belrise also stated that the acquisitions of H-One India and the plastic components business of Mag Filters are being integrated into its operations. These acquisitions, the company said, bring specialized capabilities in high-tensile steel fabrication and proprietary filtration technology, enabling light weighting and enhancing relevance across PV, CV, and 2W segments. Through IPO proceeds, the company said it repaid debt of ₹ 1596 crore, leading to a reduction in Net Debt/Equity from 0.98x in Q1FY25 to 0.16x in Q1FY26. Post repayment, net debt dropped to ₹ 769 crore at the end of the quarter. The stock made a healthy debut on Indian exchanges in May, listing at ₹ 100 apiece on the NSE, an 11% premium to its issue price of ₹ 90, and ended the session with a gain of over 8% against the issue price. At current levels, the stock is trading 70% above its IPO price. The initial public offering (IPO) of Belrise Industries was subscribed 41.30 times on the final day of bidding, supported by strong participation from institutional investors. The ₹ 2,150-crore IPO had a price band of ₹ 85–90 per share. Belrise Industries is an Indian automotive component manufacturer offering a wide range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
11-07-2025
- Automotive
- Economic Times
Belrise Industries shares rally over 16% in 4 days to hit record high. What's fueling the surge
Belrise is one of India's top players in 2W metal components, holding a 24% market share in key product categories like chassis and exhaust systems. Jefferies has initiated coverage on Belrise Industries with a 'Buy' rating and a target price of Rs 135, citing strong earnings growth potential backed by rising two-wheeler demand, product premiumisation, and the company's expansion into four-wheeler and export markets. Tired of too many ads? Remove Ads Why Jefferies is bullish on Belrise Industries Tired of too many ads? Remove Ads Shares of Belrise Industries jumped 16.4% to a record high of Rs 119.2 on Friday, extending their four-day rally following a bullish note from global brokerage initiated coverage on the stock with a 'Buy' rating and a price target of Rs 135. The brokerage expects strong earnings growth backed by rising two-wheeler (2W) demand, product premiumisation, and expansion in four-wheeler (4W) and export segments.'We expect 12% revenue and EBITDA CAGR and 18% EPS CAGR over FY25–28E, along with deleveraging. Belrise's 18x FY26 PE is attractive given the growth outlook,' Jefferies said in its Read: SBI, HDFC Bank among 10 banking stocks in Antique's top picks that may rally up to 50% Belrise is one of India's top players in 2W metal components, holding a ~24% market share in key product categories like chassis and exhaust systems. Around 67% of its revenue comes from 2W parts, 9% from 4Ws, and 20% from commodity a demand slump between FY19–22, 2W wholesales have rebounded with a 13% CAGR over FY22–25. Jefferies sees further upside from improving liquidity, tax cuts, and upcoming PSU wage is also expanding its proprietary product portfolio—like steering columns and filters—to boost its content-per-vehicle by 38%. The premiumisation trend in bikes is another tailwind, with chassis value in premium models being 2.2x that of commuter the 4W segment, Belrise is building scale through proprietary products like cross-beams and chassis systems, following the H-One acquisition. The company aims to double 4W revenues in 2–3 years and has secured new orders from two European expects Belrise's net debt of Rs 2,800 crore at FY25-end to swing to a net cash position of Rs 600 crore by FY28, supported by IPO proceeds of Rs 2,200 Read: Brokerages initiate coverage on Delhivery, 7 other stocks; up to 33% upside seen Belrise Industries debuted on the stock exchanges on May 28, 2025. The company manufactures safety-critical components for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and clientele includes leading auto firms such as Bajaj Auto Hero MotoCorp , Honda, Jaguar Land Rover, Royal Enfield, Tata Motors , Mahindra & Mahindra, and VE Commercial Vehicles.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
11-07-2025
- Automotive
- Time of India
Belrise Industries shares rally over 16% in 4 days to hit record high. What's fueling the surge
Shares of Belrise Industries jumped 16.4% to a record high of Rs 119.2 on Friday, extending their four-day rally following a bullish note from global brokerage Jefferies. Jefferies initiated coverage on the stock with a 'Buy' rating and a price target of Rs 135. The brokerage expects strong earnings growth backed by rising two-wheeler (2W) demand, product premiumisation, and expansion in four-wheeler (4W) and export segments. 'We expect 12% revenue and EBITDA CAGR and 18% EPS CAGR over FY25–28E, along with deleveraging. Belrise's 18x FY26 PE is attractive given the growth outlook,' Jefferies said in its note. Also Read: SBI, HDFC Bank among 10 banking stocks in Antique's top picks that may rally up to 50% Why Jefferies is bullish on Belrise Industries Belrise is one of India's top players in 2W metal components, holding a ~24% market share in key product categories like chassis and exhaust systems. Around 67% of its revenue comes from 2W parts, 9% from 4Ws, and 20% from commodity trading. Despite a demand slump between FY19–22, 2W wholesales have rebounded with a 13% CAGR over FY22–25. Jefferies sees further upside from improving liquidity, tax cuts, and upcoming PSU wage hikes. Belrise is also expanding its proprietary product portfolio—like steering columns and filters—to boost its content-per-vehicle by 38%. The premiumisation trend in bikes is another tailwind, with chassis value in premium models being 2.2x that of commuter bikes. In the 4W segment, Belrise is building scale through proprietary products like cross-beams and chassis systems, following the H-One acquisition. The company aims to double 4W revenues in 2–3 years and has secured new orders from two European OEMs. Jefferies expects Belrise's net debt of Rs 2,800 crore at FY25-end to swing to a net cash position of Rs 600 crore by FY28, supported by IPO proceeds of Rs 2,200 crore. Also Read: Brokerages initiate coverage on Delhivery, 7 other stocks; up to 33% upside seen Belrise Industries debuted on the stock exchanges on May 28, 2025. The company manufactures safety-critical components for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Its clientele includes leading auto firms such as Bajaj Auto , Hero MotoCorp , Honda, Jaguar Land Rover, Royal Enfield, Tata Motors , Mahindra & Mahindra, and VE Commercial Vehicles.
Business Standard
08-07-2025
- Automotive
- Business Standard
Belrise Industries ends sharply higher after foreign research house initiates coverage
Belrise Industries zoomed 9.86% to end at Rs 112.55 after foreign brokerage initiated a coverage on the company, with a 'buy' rating and a price target of Rs 135, representing 19.9% upside potential. According to the global research firm, the company is expected to achieve a 12% revenue compound annual growth rate (CAGR) over fiscal years 2025-2028, driven by rising two-wheeler demand, industry premiumization, increasing content-per-vehicle, and expansion in four-wheelers and exports. The firm has projected that Belrise would record a 12% EBITDA CAGR and 18% earnings per share (EPS) CAGR over the same period, along with deleveraging of its balance sheet. The research house considers Belrises valuation of 18 times FY26 price-to-earnings ratio attractive given the strong growth outlook for the company. Any simplification of Belrises group structure could potentially boost valuations further, it added. Belrise Industries is an integrated automotive component manufacturers with a diverse portfolio of safety-critical systems and engineering solutions. The company reported a 722.3% jump in net profit to Rs 110.02 crore while revenue rose 49% to Rs 2,274.35 crore in Q4 March 2025 over Q4 March 2024.
Business Upturn
08-07-2025
- Automotive
- Business Upturn
Belrise Industries shares jump 5% after Jefferies initiates ‘Buy' rating with target price of Rs 135
Belrise Industries shares rose around 5% in morning trade on Tuesday after global brokerage Jefferies initiated coverage on the stock with a 'Buy' rating and a target price of ₹135. As of 9:25 AM, the shares were trading 5.27% higher at Rs 107.87. Jefferies highlighted Belrise's positioning as a key supplier of metal components to the two-wheeler (2W) industry, with growing exposure to four-wheelers (4Ws) and export markets. The firm expects Belrise to deliver a 12% compound annual growth rate (CAGR) in both revenue and EBITDA, along with 18% EPS growth over the next three years. Advertisement The note pointed to structural trends such as improving two-wheeler demand, ongoing premiumization across the auto segment, and increasing content per vehicle as supportive factors. Jefferies also mentioned that any simplification of the company's group structure could help unlock additional value. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
